Retired and just enjoying the ride with MDW (Midway Gold)
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Seems like a superior product but supervision cannot seem to make contact with the right people. VA Hospitals? Odor elimination in RV black water tanks? Chains of Pet stores? and on and on..This company need a real marketing expert. JMO...Tiffer
So sad to hear about Bob's demise. He was a real character. Tiffer
Finish construction and
hand off to Operations
Leach pad expansion
Design, procure, install
agglomeration
Slow mining rate until work
complete
Expansion & infill drilling
Steps to Recovery in 2015
Manageable and Short-Term
We believe problems are solvable,
Pan to be economic, and Midway to be deeply undervalued.................................... LOL. I guess it was a typo and they meant overvalued
Have not seen one solitary trade yet on pinks.
Exactly! That is why I question a poster relating his "buys" and about adding to his "millions". ridiculous!
Trading halted and shares being bought?? Too funny, although tragic and pitiful would probably be more appropriate.
Hard telling! I hope for all investors that this new "pinky" site for the stock starts trading. Zero activity so far today on trades. Retired CEO Brock is probably looking at his 10's of thousands of "Golden Parachute Options" of 1 dollar and 2 dollars and wondering if he is holding worthless paper. I felt something was wrong when they announced the partial gold pour worth about 3 million dollars and then complete silence thereafter when there should have been weekly gold pour announcements. That is when I got in and out several times and only by sheer luck came out O.K.
Midway is now on Yahoo finance with new MDWCQ symbol. I find it interesting that 2 analysts are saying on future forecasts figures of 82 cents (low) to 92 cents (high). Rather optimistic I think, but then again who knows!
Nope! Sold out completely 3 times and bought lower and sold all again last month. Made about 11,000 dollars ater all the dust settled. Institutionals are really the big losers besides many private investors.
Smart move by cutting ore hauling op. This will give them time to pull out cash from the leech pond and I bet then we will see hauling on the ore end again. This baby is a long ways from being belly up and I hope that when all expenses are again reconfigured to allow for the lower gold per ton then we will all see either bankruptcy or "FULL STEAM AHEAD". Only time will tell. Remember that in the recent past when management said that they were going to parlay profits into getting the other mine going? I stll believe this will happen and this cash crisis will soon pass. JMO of course.
http://www.gustavson.com/about/our-team/..This evaluation company seems legit and I sure hope it is and operations continue. Perhaps Midway just got in one bad strip of ore and those hundred of assaying test holes are still legit. We will see.
The "Continued" recovery out of the leech pond will tell the tale in the coming months and we will see if there is really 35-40 million in leech as previously stated by company. Doubtful but possible. Costs are going to be key on recovery and future mining as usual.
Would sure be nice if company would give investors updates on production numbers (if any). Is the company processing or lamenting on low quantity of gold per ton? ..oh well, wait and see I guess.
It is a simple fact that when lenders are so deep in an investment and that investment shows "light at the end of the tunnel" then of course they have no choice but to see it through to protect their investment. I think that is exactly what will happen here. Happy years coming for this company I think. Of course depending on the richness of the ore, processing costs and especially the price of gold.
I hope the 832 per ounce production costs which includes "paying the bills" still holds true. 1200 per ounce still puts them in a very profitable situation. Keep out fingers crossed.
Going to be very interesting on the future gold recovery from the leach pond because that will determine the future of this company. August 15th (approx. date) will tell all on that financial report and we all will see the true viability of this company's continued operations. I am betting on decades of operations and will continue buying. I understand we have been hit hard on the PPS because of several million dumped by some on the fund managers but it appears that about 70% of them are still hanging around for the success of this company. JMO of course
I will trust in the institutional fund managers who have seen this as a cash cow in the past and apparently have not changed their minds as the majority of them continue to believe in the viability of this company to succeed! August 15th financials will put everybody's concerns to rest I believe.
This may not be a "FAT" cash cow but even with the reduced gold content this most definitely is still a cash cow. You cannot argue with multi-billion dollars that are still in the ground and decades of mining operations! Lets all hope that the costs of mining stay low and gold soars. This would be a 2 digit bagger then.
I agree, and the future processing of that gold in the leach will come out in the next few months, and a lot more this year, as coming financials will testify. Sell of stock, by whomever, over the past few days, means nothing. Only quarterly financials will bear witness to the success of this company. I see absolutely nothing in the existing data to indicate that this company will not be in the black this year. I do not subscribe to the paranoia that occurs when selling of stock happens and brings the PPS down. "Just the facts Ma'am, Just the facts" (Dragnet!) JMO of course and I am in for years to come. Tiffer
The current financial entity's with loans to MDW will not let their investment go down the tubes, so naturally, further financing will be made available as long as there is money to be made on the processing of the ore itself. The only thing that can kill us is the price of gold. Lets hope it ramps up!
From 10Q;......... QUOTE, "We expect to continue to raise capital through additional equity financings, debt financings and/or the sale of assets until such time as we are able to generate sufficient cash flow from our Pan project to fund all of our operating, capital and debt service requirements. Although we may generate sufficient cash flow from operations in the future, we may continue to require additional capital for development, exploration and other general corporate purposes. There is no assurance that we will able to raise the required capital on favorable terms, if at all." END..This is why I continue to buy and look forward to decades of gold mining with this company.
4400 ounces out of the leach pond and 36000 coming out tells me that 52 million dollars at current gold price solidify's the continued viability of this company. I am in for the long term and set for hopefully a rise in gold prices. This company has only scratched the surface of the huge gold deposits it has.
Midway will let their quarterly financials do the talking and then this PPS will soar. Partial initial pour looks great.
Considering that the cumulative pour sofar equates to about 2,760,000 dollars at about 1200 an ounce seems to be a great startup of a VERY profitable gold company! JMO opinion of course and all the institutionals that are invested in this remarkable company.
This company has enough gold in the ground on several claims that are estimated (cumulative) to be worth billions. With decades of production ahead of them and the spikes in gold prices that have always been the history of gold then I believe that those of us with patience will score big time on the share price. I sure like the buying price right now.
Not much on the share price, even if gold is produced, I think. Only the future quarterly's will ramp this stock up and of course there is always the wandering gorilla in the room i.e. the price of gold. When the whistle is blown on the bankrupt U.S. and the worthless dollar, then gold will of course go up substantially I feel.
The acid is currently being circulating in the leach pond 24-7 and gold
is absolutely forthcoming in the coming weeks! Interesting that they are running on site generators until the main power sub station gets finished. These boys are serious about getting into full production and when the leach addition comes into play then even more gold production. I am holding this stock for years and my payday will surely come. Those with patience to wait for coming financials will be very happy campers. Day traders will continue to be frustrated with the share price in the short term.
Gold this month! Happy days for investors for decades to come now..
BREAKING NEWS! News will be coming out this New Year of the daily interest we pay on our national debt, our coming inability to even pay the interest to all the country's holding our worthless paper, and finally the fact that the United States Of America will be exposed as being bankrupt. Watch gold soar then when the EURO becomes the desired currency. Just my opinion of course but it seems to me that it is now inevitable due to the clowns in Washington. Everybody will then wish they had invested in any of the precious metals. I am holding this stock and continue to buy more as this coming calamity approaches.
On July 23, 2014, the Company filed a Schedule 14C Information Statement with the SEC to notify the stockholders of the Company of Management’s plan to increase the number of authorized shares of common stock from seventeen billion (17,000,000,000) to thirty seven billion (37,000,000,000) shares with the Secretary of State of Nevada..LOL..
Here's why I think Midway Gold could outperform its peers in 2014:
*Pan: A Low-Cost Mine in Production in 2014
For a mining company's first mine, the Pan mine is as good as it gets.
- The Pan project, with a gold resource of 1.13 million gold ounces, is fully permitted and construction is underway with completion estimated for Q3 2014.
- Average annual production will be 81,000 ounces at fully-loaded all-in costs of just $824 an ounce. This would put the mine among the lowest all-in cost mines in the industry.
- The Pan project is a low cost, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching, according to the company.
- A feasibility study was completed in November 2011. It shows the project is economical at a range of gold prices, with a Net Present Value (NPV) ranging from $123 million at $1,200/oz gold to $344 million at $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range (Both are after-tax figures).
- At $1,200 gold, payback is just 2.6 years. However, at $1,550 gold, payback is just 1.7 years and at $1,900 gold, payback is 1.2 years. Therefore, the project is highly leveraged to an increase in the price of gold.
I agree and I also put a lot of faith in all those fund managers who had the foresight to invest in a coming world class mining company whose existing mining claims foretell decades of mining operations with a breakeven of 800 dollars an ounce. I consider this company one of the best investments I have ever made. Sure looking forward to the coming financials through next year(s)! PPS--BOOM!!
FIVE AND ONE HALF BILLION DOLLARS LAYING IN JUST THIS ONE CLAIM THAT MDW JOINTLY OWNS WITH BARRICK MAKES FOR A WORLD CLASS MINING COMPANY IN THE NEAR FUTURE..WOW..Denver, Colorado – Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX, MDW:NYSE-MKT) announces substantial resource growth at its Spring Valley project, located in Pershing County, Nevada (“the Project”). The Company has updated the mineral resource estimate to include the 2011-2013 drill results. Midway’s independent consulting engineers, Gustavson Associates, have determined that this drilling has resulted in a 102% increase in Measured & Indicated (“M&I”) ounces to 4.37 million ounces, as well as a 20% increase in the M&I gold grade. In addition, the drilling has resulted in an inferred resource now totaling 1.07 million ounces. Midway also announces its decision to become a 25% joint venture partner, to be carried to production by Barrick free of any additional payments or capital outlays.
“We are thoroughly impressed with the continued growth and the significant quality upgrade at Spring Valley,” said Ken Brunk, President and CEO of Midway. “The accelerated progress on the project continues to give us confidence that Spring Valley has the potential to be a world-class gold mine in the near future. The three drill rigs on site continue to be focused on in-fill drilling and will likely have an even greater future impact on ounce quality as we move forward to completion of a pre-feasibility study in the fall of 2015. The $9 million drilling program and the $8.4 million commitment currently being spent on all of the various engineering and permitting activities speaks to the merits of the project. We are happy to have Barrick as our joint venture partner and pleased to see 2014’s major progress
A year from and we will see a PPS soaring due to the past financials! Folks are sure going to be wishing they had bought into this company when it was below a dollar. JMO of course and the multitude of fund managers smart enough to know whats coming.
Might be a good idea to acquire the long term patience that the 67 fund managers that own this stock have! They know that this company is going to be a world class mining company in the years coming and that is a positive outlook as MDW is sitting on decades of mining operations and over 3 BILLION dollars at current gold prices. Patience is key here for the 20 bagger coming in the long term. JMO of course (and all those fund managers including reputable fund managers of Vanguard and Blackrock). We are rapidly approaching the dollars collapse as the world currency and when that happens then you will be very happy to be in any gold stock...GLTU...Tif
The PPS will continue to flounder until we get some good solid financials behind us and then watch this baby go! JMO of course and the opinion apparently of the huge number of fund managers who are also waiting for those future financials.
No problem! I am just glad to have a computer literate fellow on board to enhance the intro!
ON TRACK FOR POURING FIRST BAR OF GOLD IN AUGUST, http://dissemination.blendermedia.com:81/t/135293/4450021/726/10/
Things are going to get real interesting (on the positive side) when our company starts producing bars of gold this coming August. Investors will then wonder why they did not buy this future world class mining company's stock when it was so cheap. JMO of course
Welcome to the board and we are on the ground floor of a world class mining company. After August, and the following quarterly financials, we are going to see the proof represented in $$$$$$. Hang tough and long and watch the PPS soar into the teens next year. JMO...Tif